03.05.2016 13:57:20

Vishay Intertechnology Q1 Results Top View; To Buy Back $100 Mln Shares

(RTTNews) - Vishay Intertechnology, Inc. (VSH), a manufacturer of discrete semiconductors and passive components, reported Tuesday that its first-quarter net earnings attributable to stockholders were $28.01 million or $0.19 per share, compared to $30.70 million, or $0.20 per share last year.

On average, six analysts polled by Thomson Reuters expected earnings of $0.16 per share. Analysts' estimates typically exclude special items.

Revenues for the fiscal quarter were $570.61 million, compared to $593.44 million a year ago. Analysts were looking for $559.16 million.

For the second quarter, the company expects revenues of $565 to $605 million and gross margins of 23% to 25% at constant exchange rates. Analysts expect revenues of $580.71 million.

The company also said it is initiating a $100 million stock repurchase program over one year.

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Vishay Intertechnology Inc. 15,92 -0,78% Vishay Intertechnology Inc.